DBRS rates Credit Logement debt A

DBRS said it assigned a subordinated debt rating of A to Credit Logement SA.

The trend is stable.

The agency said the rating is two notches below the company’s intrinsic assessment of AA (low), in line with the debt obligations framework set out in DBRS’ global banking methodology.

Credit Logement is targeting to raise up to €750 million of subordinated debt, which will replace more expensive debt issued by the company in previous years, the agency explained.

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